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6.11.18
Twitter Completes $1.15 Billion Convertible Notes Offering
On June 11, 2018, Twitter issued $1.15 billion in aggregate principal amount of its 0.25 percent convertible senior notes due 2024 in a private placement to qualified institutional buyers. The amount reflects the exercise in full of the initial purchasers' option to purchase an additional $150 million in aggregate principal amount of notes to cover over-allotments. Wilson Sonsini Goodrich & Rosati represented Twitter in the offering.
Client Highlights
3.19.19
Wilson Sonsini Secures Win for Twitter in Case Alleging Bias
On March 14, 2019 the United States District Court for the District of Columbia issued an important decision, dismissing a putative class action brought against Twitter, Google, Facebook, and Apple by the conservative organization Freedom Watch and journalist Laura Loomer.
Client Highlights
4.25.22
Wilson Sonsini Advises Twitter on $44 Billion Acquisition by Elon Musk
On April 25, 2022, Twitter, Inc. announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company. Wilson Sonsini advised Twitter on the transaction.
Client Highlights
10.07.21
Wilson Sonsini Advises Twitter on $1.05 Billion Sale of MoPub to AppLovin
On October 6, 2021, Twitter, Inc. announced that it has entered into a definitive agreement to sell MoPub to AppLovin Corporation, a leading marketing software company, for $1.05 billion in cash. The transaction will enable Twitter to accelerate the development of owned and operated revenue products and drive growth across key areas for the service, including performance-based advertising, small and medium-sized business (SMB) offerings, and commerce initiatives. Twitter believes AppLovin is well positioned to grow and evolve MoPub’s network of customers in the rapidly changing in-app industry. Wilson Sonsini is advising Twitter on the transaction.
According to Twitter CEO Jack Dorsey, “This transaction increases our focus and demonstrates confidence in our revenue product roadmap, accelerating our ability to invest in the core products that position Twitter for long-term growth and best serve the public conversation. We thank the incredible teams and customers who have contributed to making MoPub a success within Twitter over the years.”
According to Twitter CEO Jack Dorsey, “This transaction increases our focus and demonstrates confidence in our revenue product roadmap, accelerating our ability to invest in the core products that position Twitter for long-term growth and best serve the public conversation. We thank the incredible teams and customers who have contributed to making MoPub a success within Twitter over the years.”
Client Highlights
3.10.20
Wilson Sonsini Represents Twitter in Partnerships with Silver Lake and Elliott Management
On March 9, 2020, Twitter announced that Silver Lake, a global leader in technology investing, will purchase $1 billion in aggregate principal amount of Twitter’s 0.375 percent convertible senior notes due 2025. Twitter also entered into a cooperation agreement with Elliott Management Corporation, an investment firm whose affiliated funds own approximately 4 percent of Twitter’s common stock and economic equivalents. Wilson Sonsini represented Twitter in both transactions.
Client Highlights
2.28.22
Wilson Sonsini Advises Twitter on $1 Billion Senior Notes Offering
On February 23, 2022, Twitter announced the pricing of $1 billion aggregate principal amount of its 5.000 percent senior notes due 2030. The notes were offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act of 1933. The sale of the notes closed on February 25, 2022. Interest on the notes will be payable in cash semi-annually in arrears, beginning on September 1, 2022. Wilson Sonsini represented Twitter in the transaction.
Newsletters
2.01.23
2022 Delaware Corporate Law and Litigation Year in Review
The firm is pleased to present the 2022 Delaware Corporate Law and Litigation Year In Review, which discusses the most notable cases, issues, and trends for practitioners, corporations, boards, and investors, including as to controlling stockholder litigation, multiclass capital structures, director compensation, directors’ oversight obligations, stockholder activism, the Twitter battle, stockholders’ ability to obtain directors’ and officers’ emails, and the amendments to the General Corporation Law of the State of Delaware.
News Articles
12.29.22
The Hollywood Reporter Recognizes Martin Korman and Remi Korenblit as "Top Dealmakers of 2022"
On December 23, 2022, The Hollywood Reporter recognized 45 dealmakers as "Hollywood's Top Dealmakers of 2022: The 360-Degree Thinkers" for their work handling the year's largest transactions. Wilson Sonsini's Martin Korman and Remi Korenblit were named to the list for their work handling major deals, including Elon Musk’s $44 billion acquisition of Twitter.
Client Highlights
5.28.20
D.C. Circuit Affirms District Court Ruling in Censorship Lawsuit
On May 27, 2020, the United States Court of Appeals for the District of Columbia issued a decision affirming the dismissal of a putative class action brought against Twitter, Google, Facebook, and Apple by the conservative organization Freedom Watch and journalist Laura Loomer. This was one of a number of recent cases targeting online services for alleged bias against conservative content. Wilson Sonsini Goodrich & Rosati represented Twitter in the matter.
News Articles
3.28.23
The American Lawyer Recognizes Three Wilson Sonsini Partners as 2023 "Dealmakers of the Year"
On March 27, 2023, Wilson Sonsini partners Marty Korman, Doug Schnell, and Remi Korenblit were honored in The American Lawyer’s 2023 "Dealmakers of the Year" publication, which highlights the most significant deals of the year, recognized for complexity, size, creative lawyering, and other factors.
News Articles
1.22.21
Katie Martin Honored Among the “Top Lawyers of the Decade”
On January 20, 2021, the Daily Journal recognized Katharine Martin, corporate partner and chair of Wilson Sonsini Goodrich & Rosati’s board of directors, as a “Top Lawyer of the Decade.” The list features 18 attorneys who have made incredible contributions to the legal profession over the past 10 years.